The 2020 Mid-Year Economic Update_long

Clean Air for Olympics: Production Shutdowns Near Beijing

The Chinese government is taking some drastic measures to clean up its polluted air before the Olympic Games in August. Those measures include ordering industrial plants, like steelmaker Shougang and automaker Hyundai, to curtail their production or shut down for two months beginning on July 20, according to BusinessWeek.
 
Bryan Larkin, marketing director at consulting firm GXS in Gaithersburg, MD, told Businessweek that a fair number of companies worldwide were caught off guard by the new restrictions, and it's too late to do anything to head off supply shortages that could result. We will see a different mix of goods or even empty shelves"as far away from China as the U.S. and Europe because of this, he said.
 
Companies that did have advance warning have been ...

The Chinese government is taking some drastic measures to clean up its polluted air before the Olympic Games in August. Those measures include ordering industrial plants, like steelmaker Shougang and automaker Hyundai, to curtail their production or shut down for two months beginning on July 20, according to BusinessWeek.
 
Bryan Larkin, marketing director at consulting firm GXS in Gaithersburg, MD, told Businessweek that a fair number of companies worldwide were caught off guard by the new restrictions, and it’s too late to do anything to head off supply shortages that could result. We will see a different mix of goods or even empty shelves”as far away from China as the U.S. and Europe because of this, he said.
 
Companies that did have advance warning have been working for as much as three years to prepare for the slowdown, according to the Businessweek article.
 
Read the full Businessweek article here.

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